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Non-monotoniticies and the all-pay auction tie-breaking rule
(Springer, 2008-06)
Discontinuous games, such as auctions, may require special tie-breaking rules to guarantee equilibrium existence. The best results available ensure equilibrium existence only in mixed strategy with endogenously defined ...
General equilibrium, wariness and efficient bubbles
(Academic Press Inc Elsevier Science, 2011-05)
Wary consumers overlook gains but not losses in remote sets of dates or states. As preferences are upper but not lower Mackey semi-continuous, Bewley's (1972) [4] result on existence of equilibrium whose prices are not ...
Testing pareto efficiency and competitive equilibrium in economies with public goods
(Elsevier B.V., 2018)
We characterize the nonparametric testable implications of Pareto efficiency and competitive equilibrium in economies with public goods, with and without warm-glow preferences, using mixed integer programming (MIP). Compared ...
Existence and uniqueness of the competitive equilibrium for infinite dimensional economies
(Universidad de Chile. Facultad de Economía y Negocios, 1994-12)
In this paper we prove the existence of an equilibrium theorem and we obtain a condition for uniqueness of equilibrium in infinite dimensional economics using the excess utility function.
Variational inequalities and economic equilibrium
(2007)
Publicación ISI Email : ajofre@dim.uchile.cl; rtr@math.washington.edu; rjbwets@ucdavis.edu Variational inequality representations are set up for a general Walrasian model of consumption and production with trading in a ...
Analysis of Imperfect Competition in Natural Gas Supply Contracts for Electric Power Generation: A Closed-loop Approach
(Elsevier, 2020)
The supply of natural gas is generally based on contracts that are signed prior to the use of this fuel for power generation. Scarcity of natural gas in systems where a share of electricity demand is supplied with gas ...
Increasing cones, recession cones and global cones
(2000)
In this paper, we discuss and compare various cones used in the economics literature to analyze arbitrage in general equilibrium models with short selling. Our main result is that under certain conditions on an economic ...
Efficiency and stability of sampling equilibrium in public goods games
Most models of social preferences and bounded rationality that are effective in explaining efficiency-increasing departures from equilibrium behavior cannot easily account for similar deviations when they are efficiency-reducing. ...
Notes on the constrained suboptimality result by J.D. Geanakoplos and H.M. Polemarchakis (1986)
(Centro de Investigación y Docencia Económicas, División de Economía, 2016)